# \[BIP-171\] Enable frxETH/WETH Gauge on Polygon

**URL:** <https://forum.balancer.fi/t/bip-171-enable-frxeth-weth-gauge-on-polygon/4335>\
**Category:** BAL Gauges\
**Created:** [February 6, 2023, 3:47pm UTC](https://forum.balancer.fi/t/bip-171-enable-frxeth-weth-gauge-on-polygon/4335 "2023-02-06T15:47:18Z")\
**Posts on this page:** 3\
**Page:** 1

<div class="post-metadata">

**Author:** ![ZenDragon](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/zendragon/32/1542_2.png) [@ZenDragon](https://forum.balancer.fi/u/ZenDragon)\
**Post date:** [February 6, 2023, 3:47pm UTC](https://forum.balancer.fi/t/bip-171-enable-frxeth-weth-gauge-on-polygon/4335/1 "2023-02-06T15:47:18Z")

</div>

[PR with multisig payload](https://github.com/BalancerMaxis/multisig-ops/pull/59)

**Summary:**

> This pool uses the stable pool factor. The pool contains FRAX’s wrapped ethereum token, frax eth (frxETH), and WETH. Frax eth will be a net positive strategy of for drawing in additional volume and liquidity from the Frax ecosystem, as well as expanding our reach into the greater wrapped ETH market.

**References/Useful links:**

> (frxETH) Link to:  
> • [Website](https://app.frax.finance/)  
> • [Documentation](https://docs.frax.finance/frax-ether/frxeth-and-sfrxeth)  
> • [Github Page](https://github.com/centrehq/centre-tokens)  
> • [Communities](https://facts.frax.finance/frxeth/validators)

**Protocol Description:**

> frxETH is Frax’s liquid wrapped ETH token.

**Motivation:**

> Balancer is clearly pushing forward on all networks with staked assets as a key focus. By diversifying the protocols which supply staked assets Balancer opens up the door to liquidity providers to gain exposure to multiple providers, while facilitating trade routes for these assets. While frxETH is not yield bearing, this pool will make Balancer a competitive trade route for individuals to swap between the frxETH and standard ETH assets.

**Specifications:**

1. **Governance:** Find more information about governance on each projects forum. [frxETH](https://gov.frax.finance/)
2. **Oracles:** Not applicable.
3. **Audits:** See [frxETH](https://docs.frax.finance/other/audits)
4. **Centralization vectors:** FRX and frxETH see [here](https://docs.frax.finance/frax-ether/overview).
5. **Market History:** [frxETH](https://docs.frax.finance/frax-ether/frxeth-and-sfrxeth)
6. **Value:** Balancer will earn the protocol fee on all assets in the pool and so will LPs. Supporting Frax currently will potentially lead to fruitful outcomes in the future as yield bearing assets are supported by Balancer.

Link to pool: [0x5DEe84FfA2DC27419Ba7b3419d7146E53e4F7dEd](https://polygonscan.com/address/0x5dee84ffa2dc27419ba7b3419d7146e53e4f7ded#code)  
Link to gauge: [0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189](https://etherscan.io/address/0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189)

The DAO Multisig `0x10A19e7eE7d7F8a52822f6817de8ea18204F2e4f` will interact with the AuthorizerAdaptor at `0x8F42aDBbA1B16EaAE3BB5754915E0D06059aDd75` and call performAction with the GaugeController at `0xC128468b7Ce63eA702C1f104D55A2566b13D3ABD` for the target(address) argument and using `0x3a04f900` followed by the gauge address `0xEF3B68D9B6f44EeF2F6ea3d47D6e97707BF14189` and the corresponding gauge type for the data(bytes) argument.

data(bytes) : 0x3a04f900000000000000000000000000ef3b68d9b6f44eef2f6ea3d47d6e97707bf141890000000000000000000000000000000000000000000000000000000000000003

---

<div class="post-metadata">

**Author:** ![YJN58](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/yjn58/32/2178_2.png) [@YJN58](https://forum.balancer.fi/u/YJN58)\
**Post date:** [February 9, 2023, 2:44pm UTC](https://forum.balancer.fi/t/bip-171-enable-frxeth-weth-gauge-on-polygon/4335/2 "2023-02-09T14:44:48Z")

</div>

Balancer is becoming the primary liquidity sink for ETH and ETH derivatives. This is a great proposal and looking forward to this 🙂

---

<div class="post-metadata">

**Author:** ![Xeonus](https://yyz1.discourse-cdn.com/flex027/user_avatar/forum.balancer.fi/xeonus/32/3621_2.png) [@Xeonus](https://forum.balancer.fi/u/Xeonus)\
**Post date:** [February 9, 2023, 7:49pm UTC](https://forum.balancer.fi/t/bip-171-enable-frxeth-weth-gauge-on-polygon/4335/3 "2023-02-09T19:49:26Z")

</div>

[https://snapshot.org/#/balancer.eth/proposal/0xa21dbe9d78d80aa1a8c80761344ebac68408b7411daf50d9b999be4dfe2f9d3f](https://snapshot.org/#/balancer.eth/proposal/0xa21dbe9d78d80aa1a8c80761344ebac68408b7411daf50d9b999be4dfe2f9d3f)